India : Business News Headlines – 09 Sep 2016
Fri Sep 09 2016
Ramesh Sridharan (877 articles)

India : Business News Headlines – 09 Sep 2016

Business Standard
Ø  Rules may be eased for banks and NBFCs under GST
Ø  Brookfield set to buy majority stake in RCom towers
Ø  Gas price for ONGC may be slashed by 20%: CMD
Ø  India’s net FDI inflows for FY17 likely at $35 bn: Citigroup
Ø  ONGC may buy stake in GSPC’s KG basin block
Ø  4G telecom service to rake over Rs 79K cr in 4 yrs: Study
Ø  Govt issues norms for time-bound closure of CPSEs
Ø  President’s nod to Constitution Amendment Bill on GST
Ø  Auto sector clocks robust 26% growth in August
Ø  Shah panel report vindicates our stand, says ONGC
Ø  US cuts anti-dumping duty on our shrimp import
Ø  Volatility forces Yes Bank to defer $1 bn QIP
Ø  HZL plans to double silver production in 5 years: Sunil Duggal
Ø  Maruti Suzuki India to consider stock split

Business Line
Ø  Adani Group, Tata Power emerge top players in solar market
Ø  Just Dial gets RBI’s in-principle nod for its prepaid wallet
Ø  ‘GST law is like India signing a free trade pact with itself’
Ø  SAIL losses rise to Rs 536 cr in first quarter
Ø  Godrej eyes smart cities projects to scale up premium locks segment

Mint
Ø  Byju’s raises $50 million from Chan Zuckerberg Initiative, others
Ø  Reliance Jio, Airtel, Vodafone, Idea to meet Trai over interconnecting charges
Ø  Maharashtra’s mega refinery, petchem project faces land acquisition hurdle
Ø  Cairn-Vedanta merger gets LIC backing

Financial Express
Ø  Sensex ends 119 points up, Nifty settles above 8,950;
Ø  Government may allow employees to raise New Pension System fund in stocks soon
Ø  RBI cancels registration certificate of 5 NBFCs
Ø  Banks can accept tax dues in cash under IDS: RBI
Ø  Mahindra eyes Rs 2,600-cr incremental revenue from Ola tie-up

Financial Chronicle
Ø  HP Enterprise in $8.8b deal with Micro Focus
Ø  Tesla gets $300m lease credit line from Deutsche Bank
Ø  ‘India among top M&A markets in emerging Asia’
Ø  TCS warns financial clients delaying spending
Ø  Sebi sets price bands for non-farm commodities
Ø  August sees sharp rise in flows into equity MF, ELSS

Ramesh Sridharan

Ramesh Sridharan

Ramesh Sridharan is our Stock Market Correspondent covering events and daily movements of stock markets in Asia. He is based in Mumbai

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